Article 8 : How to Save Money to avoid affect of Rising petrol and Falling Rupees
In addition to death and taxes, inflation is another phenomenon that we can expect with near certainty over a period of time. The U.S. has actually gone through many brief periods of deflation , but in general, economic progress is accompanied by inflationary pressures. Inflation may occur when there is too much money in the system, which leads to an escalation in the price of goods. Of course, if a household's two primary sources of wealth creation – asset and income appreciation – rise at a rate equal to or greater than inflation, the negative effects of inflation are neutralized. Yet, as we've seen time and time again, that usually is not the case. The prime indicator of this effect is that, while minimum wages have increased, the overall price of goods has outpaced the average ...